Need to grow your company from 7 figures to 8 figures? I can show you how.

Growing a business from 7 figures to 8 figures is a major milestone, but it's definitely achievable with the right strategies in place. One of the most important things you can do is to outsource your accounting team.

Here's why:

• Outsourcing accounting can save you a lot of money. The average cost of hiring a full-time accountant is over $60,000 per year. When you outsource, you can get the same level of expertise for a fraction of the cost.
• Outsourcing accounting can free up your time so you can focus on growing your business. When you're not bogged down with accounting tasks, you can spend your time on things like developing new products and services, expanding into new markets, and building relationships with customers.
• Outsourcing accounting can give you peace of mind knowing that your finances are in good hands. A reputable outsourced accounting team will have the experience and expertise to handle all of your accounting needs, from bookkeeping to payroll to tax preparation.

How much can you save by outsourcing accounting?

The amount you can save by outsourcing accounting depends on a number of factors, such as the size of your company, the complexity of your finances, and the location of your outsourced accounting team. However, most businesses can save at least 20-30% by outsourcing accounting.

For example, if your company spends $100,000 per year on accounting, you could save $20,000-$30,000 by outsourcing. This could be the difference between hitting your 8-figure revenue goal and falling short.

How to choose an outsourced accounting team

When choosing an outsourced accounting team, it's important to consider the following factors:

• Experience: Make sure the team has experience working with businesses in your industry.
• Expertise: The team should have the expertise to handle all of your accounting needs, from bookkeeping to payroll to tax preparation.
• Reputation: Ask for references and read online reviews to get a sense of the team's reputation.
• Cost: Get quotes from multiple teams before making a decision.

Once you've chosen an outsourced accounting team, be sure to communicate your expectations clearly. Let them know what tasks you need them to handle and how often you need to review your financial statements.

Outsourcing your accounting team is a smart way to save money, free up your time, and get peace of mind knowing that your finances are in good hands. If you're serious about growing your company from 7 figures to 8 figures, outsourcing accounting is a must-do.

We are here to help.?The?Nealson Group?is an outsourced CFO advisory team, specializing in financial accounting and tax resolution.